NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $551MRnk 62 / 223
2023
Flag → Flag
Top Product $70.1MPackaged Medicaments
2023
Flag → Flag
Exports $21.2MRnk 31 / 100
2023
Flag → Flag
Top Product $9.58MPetroleum Coke
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.71Rnk 97 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
 GDP$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$5,565CURRENT US$
Rnk 118 / 196
2013-2023
Flag
GDP PC GROWTH-16.3%CURRENT US$
Rnk 174 / 195

About

United Kingdom-Iraq Trade: In 2023, United Kingdom exported $551M to Iraq. The main products that United Kingdom exported to Iraq were Packaged Medicaments ($70.1M), Cars ($52.4M), and Vaccines, blood, antisera, toxins and cultures ($45.3M). Over the past 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 3.18%, from $471M in 2018 to $551M in 2023.

In 2023, United Kingdom did not export any services to Iraq.

Iraq-United Kingdom Trade: In 2023, Iraq exported $21.2M to United Kingdom. The main products that Iraq exported to United Kingdom were Petroleum Coke ($9.58M), Coal Tar Oil ($5.69M), and Molasses ($3.06M). Over the past 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 84%,  from $1.01M in 2018 to $21.2M in 2023.

In 2023, Iraq did not export any services to United Kingdom.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £43.6M and imported £473k from Iraq, resulting in a positive trade balance of £43.2M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-733k (-1.65%) from £44.4M to £43.6M, while imports increased by £17.9k (3.93%) from £455k to £473k.

Trade In November 2024, the top exports of United Kingdom to Iraq were Liquid Pumps (£8.14M), Packaged Medicaments (£6.71M), Cars (£2.57M), Hard Liquor (£1.13M), and Electric Generating Sets (£1.12M). In November 2024 the top imports of United Kingdom from Iraq were Computers (£382k), Cement Articles (£77k), Iron Housewares (£10.6k), Mattresses (£9.35k), and Electric Motors (£8.63k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£20.7M), London Heathrow Airport (£6.08M), Dover Eurotunnel (£5.03M), Southampton (£3.37M), and Felixstowe (£2.74M), while imports destinations were mainly London Stansted Airport (£282k), Dover (£86.2k), Dover Eurotunnel (£42.3k), Felixstowe (£29.5k), and London Gateway (£16.8k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Hard Liquor (£-2.29M or -66.9%), X-Ray Equipment (£-1.53M or -95.6%), and Commodities not elsewhere specified (£-784k or -75.1%). In November 2024, the increase in United Kingdom's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in Mattresses (£5.97k or 177%), Iron Housewares (£2.32k or 28%), and Hand-Woven Rugs (£1.18k or 133%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-733k(-1.65%)
IMPORT GROWTH (November 2023 - November 2024)£17.9k(3.93%)
MAIN EXPORTER (November 2024)London Gateway£20.7M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Iraq and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and United Kingdom Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $551M to Iraq. The main products exported from United Kingdom to Iraq were Packaged Medicaments ($70.1M), Cars ($52.4M), and Vaccines, blood, antisera, toxins and cultures ($45.3M). During the last 5 years the exports of United Kingdom to Iraq have increased at an annualized rate of 3.18%, from $471M in 2018 to $551M in 2023.

In 2018, Iraq exported $21.2M to United Kingdom. The main products exported from Iraq to United Kingdom were Petroleum Coke ($9.58M), Coal Tar Oil ($5.69M), and Molasses ($3.06M). During the last 5 years the exports of Iraq to United Kingdom have increased at an annualized rate of 84%, from $1.01M in 2023 to $21.2M in 2018.

Exports from United Kingdom (Flag) to Iraq (Flag) (2023)

Exports from Iraq (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Iraq
Top DestinationChina$35.5B

This map shows whether countries import more from United Kingdom or Iraq. Each country is colored based on the difference in imports they receive from United Kingdom and Iraq or the difference in the growth in imports.

In 2023, countries that imported more from United Kingdom than Iraq included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

In 2023, countries that imported more from Iraq than United Kingdom included India ($29.8B), Greece ($5.68B), and Serbia ($852M).

Difference in imports from Iraq (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Iraq

Flow
Scale

This chart compares trade between United Kingdom and Iraq by product, considering products traded by both, United Kingdom and Iraq.

During 2023, United Kingdom had a large net trade with Iraq in the exports of Machines ($156M), Chemical Products ($152M), and Transportation ($69.8M).

During 2018, Iraq had a large net trade with United Kingdom in the exports of Mineral Products ($15.3M), Foodstuffs ($3.81M), and Machines ($643k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Iraq+$53.8MCars
Top Product Potential Iraq United Kingdom+$4.76MPetroleum Coke

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Iraq. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Iraq. Similarly, a dot/product with the flag of Iraq indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Iraq (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms